0229 GMT - The likelihood that WiseTech Global won't release its Container Transport Optimization product until late in the June half prompts its bull at Bell Potter to moderate his revenue forecasts. Analyst Chris Savage keeps a buy rating on the stock, but warns that there is even a chance that the logistics-software provider's new product will not be rolled out until the December half. He therefore takes a conservative view of the product's likely revenue contribution, which drives EPS forecast downgrades of 1% for fiscal 2025, 3% for fiscal 2026, and 4% for fiscal 2027. Bell Potter trims its target price 8.2% to A$112.50. Shares are down 2.1% at A$83.47. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 22:29 ET (02:29 GMT)
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